Streetbeat News

Assets

AAPL

GSAT

Globalstar has amended its services agreement with Apple to launch an extended MSS network, involving new satellites and infrastructure. Apple will provide a $1.1 billion infrastructure prepayment and purchase a 20% stake in Globalstar for $400 million. The agreement includes equity repurchase provisions, performance-based service fees, and revised debt repayment terms.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:37 pm

ASPI

ASP Isotopes has announced a public offering of 2.4 million shares at $6.75 each, raising approximately $16.2 million. The proceeds will be used for corporate purposes and the construction of enrichment facilities in South Africa and Iceland.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:57 pm

CSGP

IT

CoStar Group has secured a deal to relocate its headquarters to Arlington, Virginia, by early 2025. As part of the agreement, Gartner paid CoStar a $48 million early termination fee and signed a new lease for 49,000 square feet at 1201 Wilson Boulevard.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:36 pm

MSTR

SMLR

Michael Saylor emphasizes MicroStrategy's role as a 'public equity play on Bitcoin maximalism,' highlighting its significant returns from Bitcoin investments. The company's strategy has inspired others like Cathedra Bitcoin and Semler Scientific to adopt similar approaches, focusing on Bitcoin as a treasury asset.

Portfolio Pulse from Murtuza Merchant

November 01, 2024 | 12:19 pm

FCEL

FuelCell Energy has secured approximately $9.4 million in debt financing from EXIM for its Gyeonggi Green Energy projects. This financing will support the company's ongoing energy initiatives.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:16 pm

CVX

DRLL

WEEI

Chevron's Q3 earnings report shows a revenue beat and a 7% increase in oil-equivalent production, driven by the PDC Energy acquisition and Permian Basin output. Despite a drop in adjusted EPS, Chevron's shares rose 2.07% premarket. The company aims for $2-$3 billion in structural savings by 2026 and plans to divest $10-$15 billion in assets by 2028.

Portfolio Pulse from Lekha Gupta

November 01, 2024 | 11:54 am

RILY

SF

B. Riley has signed a definitive agreement to sell a portion of its traditional wealth management business to Stifel Financial for an estimated $27M to $35M in cash. The deal involves transitioning 40 to 50 advisors and customer accounts with AUM of $3.5B to $4.5B to Stifel by early 2025.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:05 am

ITGR

Integer Holdings Corporation has completed the divestiture of its non-medical business for $50 million. The company plans to use the proceeds to pay down its outstanding debt.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:04 am

DGHI

Digihost released its October 2024 production update, reporting cash, BTC, and cash deposits totaling approximately $9 million as of October 31.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:14 am